6435 BAKER Road
About This Property
The other homes are largely very attractive residences.
The primary value of this property is the land and location. Generous sandy beach area. Lily pads can be removed for better water access.
Buyers can benefit from septic and well (both needing attention though), and probable avoidance of new Clay County Impact fee payment. Buyers should use due diligence on these matters.
The home is within a FEMA flood zone. Therefore, it will be probably that a replacement structure will need to be built back further from the lake water.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017